Latest News on CappMoreFX, Account Migration to CappFX Exposed!

Recently, CappMoreFX has been bombarded with a lot of complaints from their investors worldwide due to a series of questionable practices such as being unable to withdraw, asking for more money to be able to withdraw the funds in your account, etc. The said broker has been operating in India for quite a while now. Now, it seems that the broker is taking the first step to continue its scam operation by changing the name of the company from CappMoreFX to CappFX. They were setting up auto-response to their email address stating that the investors who wish to continue to trade with CappMoreFX can migrate their accounts to CappFX. And now, just a couple of days later, the broker announced the new official of the CappMoreFX through email.

On the other hand,

WikiFX has been receiving complaints against CappMoreFX from its traders from India and most of the complaints reported are involved in withdrawal.

Meanwhile,

Upon searching for other complaints and reviews about CappMoreFX on other reliable review sites, we found out that the broker was indeed a scam.

About CappMoreFX

CappMoreFX offers crypto trading to the public without any license or legal to do crypto business, in short, the broker is unregulated. Mostly the target of their operations according to the data gathered by WikiFX is in India. Most likely they offered guaranteed 100% profit to the people just to encourage them to deposit an initial amount for account opening. Once successful, another transaction will be followed as they will start to be excited to see their money growing accumulately. Due to their promises and guaranteed profit, a follow-up strategy says that the bigger the amount that is in their account the more profit they will get. , the investors will surely add more funds to their account until such time that they want to withdraw some of the profit from the trades they've got.

A YouTube video Circulated that CappMoreFX has stopped its operation.

A YouTuber named Eletise Mincey published a video of him saying that the said broker is “No More”. Announcements have been circulating in community messaging platforms such as WhatsApp and Telegram insisting that the CappMoreFX is still in its operation giving opportunities to the people who want to become financially independent.

Here is the link to the YouTube: https://www.youtube.com/watch？v=Qt9Pu06XA2c

Is it really safe to invest with CappMoreFX？

The answer is a big NO. As we all know Crypto market is very risky, The SEC keeps chasing even big crypto companies like Binance, Coinbase, etc. This means that whatever company names offering Crypto trading opportunities are most likely scam companies.

Check the related news below about the character traits of a scam broker.

How To Spot Forex Scammers: Usual Traits During Profit Withdrawal

Learn to spot Forex scammers during profit withdrawals. Protect your investments with insights and tips. Trust WikiFX App for safer trading.

News 2023-09-11

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It is better to stay safe in investing in Cryptocurrency. If you don't in doubt find a social media community where you can ask if the offer you want to try to invest is legit.

Awareness

In today's era of swift technological advancements, online financial scams have become rampant, posing significant threats to innocent investors. One such pressing concern is the questionable activities of the broker, CappMoreFX, which has recently undergone a controversial migration to CappFX. With numerous complaints about withdrawal issues and other dubious practices, it's essential for potential investors to tread carefully, arm themselves with knowledge, and remain vigilant against such deceptive operations.

Conclusion

The crypto market, with its promising returns, has lured many towards it, but not all offerings within this space are genuine. CappMoreFX's recent practices and their unregulated status highlight the dangers present in the market. It's imperative to remember that bigger and renowned crypto platforms have faced scrutiny too, pointing towards the uncertainty and potential risks in this domain. Investing blindly, driven by the promises of high returns, can lead to substantial financial and emotional distress. Therefore, it's crucial to conduct thorough research, seek authentic reviews, and be wary of too-good-to-be-true promises. Tools and platforms like WikiFX serve as a beacon, guiding investors and helping them make informed choices. Safety and due diligence should always be at the forefront when venturing into any financial commitment.

Always remember WikiFX App is your daily ally.

Install the WikiFX App on your smartphone to stay updated on the latest news. Download the App here: https://www.wikifx.com/en/download.html